When refinancing, what is involved in what is called “funding the loan”?

Question by curious: When refinancing, what is involved in what is called “funding the loan”?
Im refinancing my home and they are going to fund the loan today, does that mean my other mortgage will be paid off today?

Best answer:

Answer by Sarah P
Chick the web

http://www.orbitbusinessloans.com/

http://www.orbitmerchantsolutions.com/

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Tags: funding, Mortgage, Mortgages, refinancing my loan